Click chart for more on Bank of America stock
NEW YORK (CNNMoney) -- Shares of the biggest U.S. banks fell to fresh 52-week lows Tuesday following talk this week that Bank of America may need to recapitalize.
Bank of America (BAC, Fortune 500) has lost more than half of its market cap in less than three months. And the cost to insure the debt of the financial giant has approached levels not seen since the financial crisis.
JPMorgan Chase (JPM, Fortune 500) is not faring much better. Its stock is down more than 25% since May 1, and touched new lows for the year Tuesday.
Meanwhile, the CEO of Goldman Sachs (GS, Fortune 500), Lloyd Blankfein, hired a defense attorney to advise him after the U.S. Senate subcommittee report called out Goldman for allegedly mishandling its housing activities. Goldman Sachs has lost more than one-third of its market cap this year.
These are among the most discussed topics on StockTwits Tuesday:
supertradetimer: $$ It's laughable that Karen Finerman keeps talking about book value for $BAC. No one knows that real book value is. Ask Bear and Lehman.
CoderTrader: It will take almost a 100% gain in $BAC to get back to May levels around 12. Love that stat.
The_Domino: It now costs close to $400K a year to insure $BAC bonds against default...levels not seen since the depths of the crisis.
lamonicabuzz: $BAC now down 5.5%. $6.07. Reverse split anyone? It worked for $C, right? Oops. Sorry.
tradefast: I wonder if $BAC would pay 10% for convertible preferred - Buffet got his cash out of $GS, maybe he wants to parlay?
ivanhoff: The stocks of the 4 biggest U.S. banks continue to look like Niagara Falls. $BAC $JPM $C $WFC
hedgefundinvest: Last time $GS stock price was this low, it was March 2009. It's tempting. Mkt must be baking in liabs from lawsuits, b/c stock below TBV. 
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| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,938.67 | -27.02 | -0.21% |
| Nasdaq | 2,933.17 | -15.40 | -0.52% |
| S&P 500 | 1,357.66 | -4.55 | -0.33% |
| Treasuries | 2.04 | 0.04 | 2.00% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.95 | -0.16 | -1.97% |
| Microsoft Corp | 31.27 | -0.17 | -0.54% |
| Ford Motor Co | 12.28 | -0.25 | -2.00% |
| General Electric Co | 19.39 | 0.17 | 0.88% |
| Citigroup Inc | 32.36 | -1.00 | -3.00% |
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.91% | 3.81% | |
| 15 yr fixed | 3.17% | 3.13% | |
| 5/1 ARM | 2.87% | 2.83% | |
| 30 yr refi | 3.98% | 3.89% | |
| 15 yr refi | 3.27% | 3.23% |
Today's featured rates:
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The United States Military has been testing the alternative fuel technology in Hawaii and it could one day play a role on the battlefield. More
Cell phone bills are going up as a result of increased demand and a spectrum crunch that is limited the supply of wireless data bandwidth. More
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